Although India gained independence in 1947, Mahatma Gandhi continued to play a vital moral and social role during the final months of his life.
Following Partition, Gandhi dedicated himself to restoring communal harmony in Bengal and Delhi. His fasts and marches calmed tensions and protected minorities.
He remained committed to his principle of Ahimsa (non-violence), condemning the riots and killings that accompanied Partition. His fast unto death in Delhi pressured leaders to act against communalism.
Gandhiji insisted on releasing financial dues to Pakistan as per the Partition agreement, demonstrating his commitment to justice even for an adversarial nation.
Though he never held political office, his ideals influenced India’s democratic framework, secularism, and the emphasis on non-violence in foreign policy.
After independence, Gandhiji emerged as the conscience of the nation, advocating unity, peace, and moral responsibility. His assassination in 1948 marked the end of an era, but his values continue to shape India.
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.